The prices in real estate in Chittoor, in the Andhra Pradesh region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Chittoor has increased strongly during the last 6 months. In November, the average price per sq.foot was ₹ 591. In the following month the price per sq.foot increased considerably to ₹ 1.68 lakhs. The price for the following two months in (January, February) had a considerable decrease of 1 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 3 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.foot of ₹ 42,722.5 to ₹ 1,336 during March, and April.
Based upon to the price in Chittoor (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is ₹ 19.08 lakhs. During December the price went through a considerable rise reaching ₹ 2.71 crores. During the following two months (January, February) the average price had a considerable reduction of 20 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 87 lakhs to ₹ 12.32 lakhs, which means a 14 % fall.